The device will be owned by Sumitomo Polymer Compounds (Zhuhai) Co., Ltd., a joint venture planned to be established in May this year. Among the joint ventures, Sumitomo will hold 55% of shares and Japan's ToyoInk Manufacturing Co. will hold 45%. Polypropylene resin will be supplied by Sumitomo's production plant in Singapore, and the polypropylene compound produced by Zhuhai plant will be used to produce bumpers and internal materials for automobiles.
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